It is not th e number of hours in th e w orking day th at' s im portan t it's th e work that gets achiev ed in thos e hou rs th at concerns Ande rson Lee.
Ove rtim e i s not encouraged - exc epts on t hose rar e o cc asion s wh en it is absol ute ly nec essary. Ande rson Lee prefe rs em ployee s to work ef fici en tly in the seve n and a half hours
ava ilabl e ea ch day.
EMPIRE OIL & GAS NLAnder son Le e s triv es to cre ate a pr oductive an d
positive wo rking env ironme nt. T he when it c ome s to it 's
A B N 5 5 0 6 3 6 1 3 7 3 0
co mpany h as a give -and-t
S U I T E S 7 A N D 8
1 5 4 H A M P D E N R O A D
em ployees . It rewa rds har d wo rk by off ering
N E D L A N D S 6 0 0 9 W E S T E R N A U S T R A L I A
em ployee s inc en tiv es like, flex ibl e w or k hou rs and time in leu . T ime in le u
T E L E P H O N E + 6 1 8 6 3 8 9 2 6 8 7
enable s emp loye es who have wo rke d with diligenc e and effi cie ntly to tak e
F A C S I M I L E + 6 1 8 9 3 8 6 6 8 1 2
tim e off during quiete r time s or en joy a l ong week end or ex tended ho lid ay.
E M A I L i n f o @ e m p i r e o i l . c o m . a u
W E B w w w . e m p i r e o i l . c o m . a u
3 January 2012
The Manager
The Australian Securities Exchange The Company Announcements
Office Level 4/20 Bridge Street
SYDNEY NSW 2000
Dear Sir
RE: GAS SUPPLY AGREEMENT WITH ALCOA OF AUSTRALIA LIMITED
Please find details of the satisfaction of the Alcoa of
Australia Limited's conditions precedent within the Gas
Supply Agreement and the pre-payment to the EP 389 Joint
Venture of $5 million.
Empire Oil Company (WA) Limited (Operator) - 68.75% ERM Power
Limited (ERM Gas Pty Ltd) - 21.25%
Wharf Resources Plc - 10%
Yours faithfully
JL CRAIG MARSHALL Managing Director EMPIRE OIL & GAS NL
1 | P a g e
It is not th e number of hours in th e w orking day th at' s im portan t it's th e work that gets achiev ed in thos e hou rs th at concerns Ande rson Lee.
Ove rtim e i s not encouraged - exc epts on t hose rar e o cc asion s wh en it is absol ute ly nec essary. Ande rson Lee prefe rs em ployee s to work ef fici en tly in the seve n and a half hours
ava ilabl e ea ch day.
Ander son LSe eTs tOrivCesKto EcreXatCe aHpAr oNduGctiEve aRn dELEASE
positive wo rking env ironme nt. T he co mpany h as a 'give -and-tak e' at titud e
when it c ome s to it 's
3 January 2012
em ployees . It rewa rds har d wo rk by off ering
GeAmSpSloU yePePsLiYncA enGtRivEesE lMikEe,NfT lexWibITl eHwAorLkChO oAu rsOaFnAd UtimSTeRinAlL euIA. TLiImMeITinED le u enable s emp loye es who have wo rke d with diligenc e and effi cie ntly to tak e tim e off during quiete r time s or en joy a l ong week end or ex tended ho lid ay.
Empire Oil & Gas N.L., on behalf of the EP 389 Joint Venture,
is pleased to announce that certain conditions precedent in
the Gas Supply Agreement ("GSA") with Alcoa of Australia
Limited ("Alcoa"), Empire Oil Company (WA) Limited
("Empire"), a wholly-owned subsidiary of Empire Oil & Gas
N.L., ERM Gas Pty Ltd ("ERM"), a wholly- owned subsidiary of
ERM Power Limited and Wharf Resources Plc have been
satisfied. Accordingly Alcoa has made the first pre-payment
to the EP 389 Joint Venture of $5 million.
As provided in an ASX Release of 25 October 2011, the GSA
became unconditional where Empire, ERM and Wharf have agreed
to sell to Alcoa a total of 15,000 Terajoules ("TJ") of gas
in two separate tranches from the Gingin West and Red Gully
Gasfields.
The first Tranche consists of the Forward Gas Sales component
where Alcoa have agreed to pay $25 million. These funds will
be utilised to construct the Red Gully Gas and Condensate
Plant, the connecting pipeline to the Dampier to Bunbury
Natural Gas Pipeline ("DBNGP") and the associated production
facilities.
The second Tranche, the majority of the GSA, is a separate
and a normal Gas Supply Agreement.
This first pre-payment of $5 million confirms Alcoa's
commitment to this GSA and the construction and commencement
of the Red Gully Gas Plant.
This Red Gully Gas and Condensate Plant has been progressed
with tenders received for all the major components. The Plant
is to be constructed in modular form prior to being
transported to site.
Empire is also pleased to announce that an agreement was
entered into between Empire and the EP 389 Joint Venture
parties, Alcoa and the owners of the Dampier to Bunbury
Natural Gas Pipeline ("DBNGP") providing access to the DBNGP
where gas will be shipped to Alcoa. In addition there is
provision to ship gas to other gas customers where the EP 389
Joint Venture may wish to sell additional gas, other than to
Alcoa, in the future over the initial 20 year period of the
agreement.
Empire, the Operator of the EP 389 Permit and the Red Gully
Gas and Condensate Plant, has a timetable for the
construction and commencement of first gas production in 2012
together with condensate sales. I look forward to providing
further details.
Competent Person's Statement
Information in this ASX Release relates to exploration results that are based on information compiled by Mr JL Craig Marshall who is a full time employee of Empire Oil & Gas NL. JL Craig Marshall is a Fellow of the Australian Institute of Mining and Metallurgy and is a Certified Practicing Geologist BSc (Hons), F.Aus.IMM, CPGEO, and has more than 30 years experience relevant to oil and gas exploration and production.
F o r f u r t h e r i n f o r m a t i o n , p l e a s e c o n t a c t : M r C r a i g M a r s h a l l
BSc (Hons), F.Aus. IMM, CPGeo
Ma n a g i n g D i r e c t o r
E m p i r e O i l & G a s N L S u i t e 7
1 5 4 H a m p d e n R o a d
N E D L A N D S W A 6 0 0 9
P h o n e : 6 1 8 6 3 8 9 2 6 8 7
F a c s i m i l e : 6 1 8 9 3 8 6 6 8 1 2
E - m a i l : cmarshall@empireoil.com.au
2 | P a g e
distribué par | Ce noodl a été diffusé par Empire Oil & Gas NL et initialement mise en ligne sur le site http://www.empireoil.com.au. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-04 10:53:04 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Gas Supply Agreement with Alcoa |